Embrey Partners Names New EVP of Development
Brad Knolle joined the company in 2012 as senior vice president. In his new position, he will be responsible for multifamily projects in Tennessee and Florida.
Lee & Associates Arranges SoCal Sale
In a tax-deferred transaction, SOMA Realty sold a 16-unit multifamily asset in Pasadena, Calif. Principal George Yessaie represented the buyer.
Latch Partners with Niido for Smartphone Apartment Sharing
Able to connect to larger smart systems, the device’s safe, easy-to-use capabilities ensure that residents have complete access to their units by manipulating their mobile apps.
Cortland Partners Nabs Orlando Property for $59M
Situated in one of the city’s fastest-growing submarkets, the 288-unit asset is LEED-certified and was recently rebranded.
Northeast Precast Introduces New Flooring System
Approximately 25 percent lighter than hollow core planks, Prespan eliminates the need for interior structural supports.
Houston Luxury Community Tops Off
Expanding Memorial City’s site, the 670,000-square-foot Barryknoll project will feature one-, two- and three-bedroom layouts. The development is scheduled for completion by August 2019.
Walker & Dunlop Procures $50M Loan for Phoenix Asset
The company utilized Freddie Mac’s Mod-Rehab Program, which features three years of interest-only payments at a floating rate. Almost $10 million has been allocated for improvements.
Kidder Mathews Arranges Sale of San Diego Community
Built in 1989, 204 Clark St. is a 20-unit, 17,578-square-foot community with one- and two-bedroom apartments. The off-market transaction property offers easy access to both East Washington Avenue and North Broadway.
Berkadia Secures Loan for $97M Florida Buy
Robbins Electra sold the 542-unit property to Advenir. Freddie Mac originated the $80 million value-add, three-year loan.
Cardone Capital Buys 507-Unit Houston Asset
Built in 1992, Woodway Square is a luxury community comprising 33 buildings. Its former owner—Fairfield Residential—will continue to manage the property.